Google Will Acquire Motorola to Supercharge Android Ecosystem

By on Aug 15, 2011 in Business, Current Events, Europe, Events, Internet, North America, Smartphone, Tablet, Technology, United States, World Comments

Internet search and advertising behemoth Google Inc. will acquire Motorola Mobility for an estimated US $12.5 billion to supercharge their Android ecosystem. According to official press release posted at Google official website today, August 15, 2011, Google will acquire Motorola for US $40.00 per share in cash and this deal was approved by both companies’ Board of Directors.

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Motorola Mobility‘s total commitment to Android has created a natural fit for our two companies,” said Larry Page, CEO of Google. “Together, we will create amazing user experiences that supercharge the entire Android ecosystem for the benefit of consumers, partners and developers. I look forward to welcoming Motorolans to our family of Googlers,” added Mr. Page.

“This transaction offers significant value for Motorola Mobility’s stockholders and provides compelling new opportunities for our employees, customers, and partners around the world,” said Sanjay Jha, CEO of Motorola Mobility. “We have shared a productive partnership with Google to advance the Android platform, and now through this combination we will be able to do even more to innovate and deliver outstanding mobility solutions across our mobile devices and home businesses,” added Mr. Jha.

“We expect that this combination will enable us to break new ground for the Android ecosystem,” said Andy Rubin, Google Senior Vice President of Mobile. “However, our vision for Android is unchanged and Google remains firmly committed to Android as an open platform and a vibrant open source community. We will continue to work with all of our valued Android partners to develop and distribute innovative Android-powered devices,” added Mr. Rubin.

The acquisition is subject to customary closing conditions and regulatory approvals in the United States and the European Union, and is expected to close by the end of 2011 or early 2012.

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